XPO (NYSE:XPO) Price Target Raised to $140.00 at Benchmark

XPO (NYSE:XPO) had its target price raised by Benchmark from $125.00 to $140.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other analysts have also recently weighed in on the company. Barclays boosted their price objective on XPO from $100.00 to $125.00 and gave the stock an overweight rating in a report on Thursday, February 8th. StockNews.com lowered XPO from a hold rating to a sell rating in a research report on Thursday, December 28th. Bank of America boosted their target price on XPO from $137.00 to $139.00 and gave the stock a buy rating in a research report on Monday. TD Cowen boosted their target price on XPO from $129.00 to $136.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on XPO from $97.00 to $122.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $111.65.

XPO Stock Performance

Shares of NYSE:XPO opened at $122.31 on Tuesday. The stock has a market capitalization of $14.23 billion, a P/E ratio of 75.97, a P/E/G ratio of 3.03 and a beta of 2.19. XPO has a 1-year low of $33.12 and a 1-year high of $130.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The business has a 50-day moving average price of $122.29 and a two-hundred day moving average price of $96.88.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.15. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Equities analysts predict that XPO will post 3.46 earnings per share for the current year.

Hedge Funds Weigh In On XPO

A number of large investors have recently bought and sold shares of the company. Flputnam Investment Management Co. boosted its position in XPO by 1.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after acquiring an additional 145 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in XPO by 3.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,683 shares of the transportation company’s stock worth $410,000 after acquiring an additional 147 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in XPO by 1.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after acquiring an additional 160 shares during the last quarter. CWM LLC boosted its position in XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after acquiring an additional 160 shares during the last quarter. Finally, M&T Bank Corp boosted its position in XPO by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock worth $408,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.